Half-truths, half-lies hallmarks of Penang DAP government

 |Jan 2, 2017

Penang Water Assets - Lim Guan Eng

The DAP government is actually good in propagating many half-truths and half-lies, for instance on the state debt reduction.

The Penang debt was increasing every year until the year 2011 when it mysteriously dropped 95% within a year.

Chief Minister Lim Guan Eng has always claimed that he had managed to slice 95% off the over RM655.2 million state debt since taking over in 2008.

But didn’t he craftily deceive voters, especially the DAP Chinese, into believing that he had somehow reduced the debt magically?

What Guan Eng failed to reveal was that, on June 2, 2011, the Perbadanan Bekalan Air Pulau Pinang (PBAPP), a state-owned company, had entered into a water restructuring agreement with the federal government via Pengurusan Aset Air Bhd (PAAB), a company under the Ministry of Finance.

The water deal saw Penang’s outstanding loan of RM655.24mil owing to the federal government to be converted into a grant.

In short, the federal government has shouldered the debt of Penang government.

Guan Eng has actually changed the existing RM655 million debt into a 45-year annual lease where the Penang government must pay RM14.56 million to the federal government every year for 45 years.

RM14.56 million X 45 years = RM655.2 million.

Isn’t Penang government repaying the same amount?

One can hear that DAP leaders regularly screaming about the federal government debts.

But they conveniently concealed the truth that part of the federal debts was contributed by Penang’s RM 655.2 million debts.

Perak, not Penang, as misinformed by Guan Eng and company, has the highest volume of debt reduction under the water asset restructure exercise.

Penang reduced its debt from RM655.2 mil to some RM29mil by transferring the burden to the federal government.

But Perak reduced its debt from RM970mil to RM78mil, but did not turn it into a fanfare like DAP.

Penang Chief Minister Lim Guan Eng speaking at the launching of the Speaker's Corner in Esplanade, George Town.
Penang Chief Minister Lim Guan Eng speaking at the launching of the Speaker’s Corner in Esplanade, George Town.

When DAP took over the state government, it started a ‘Speaker’s Corner’ in Esplanade, George Town.

The corner was ostensibly to promote democratic space for the so-called freedom of speech and expression.

But it was all hogwash and populist wayang kulit (shadow play).

Over the years DAP has developed a reputation of being a legal suit freak – filing suits against politicians, journalists and media groups – at will just to silence its critics.

No wonder many would laugh when ever DAP leaders go up on stage and talk about freedom of speech, expression and media.

Of course it would be laughable when a hypocrite party of the highest order talks about these democratic norms.

As DAP dominance grew in stature in its new governmental role, the party was once alleged by a PKR leader of being “cocky and arrogant, and its leaders being revered like ‘tokong’ (deity) by its supporters.

Humourously a ‘cocky arrogant tokong’ DAP did reflect a CAT government, isn’t it not?

The PKR leader obviously felt DAP was treating its partners in then Pakatan Rakyat coalition government as “second class citizens.”

Related links:
Lim Dynasty’s coup de CM to grab power in Penang in GE12
Kampung Buah Pala – Penang DAP’s CAT not a good guard of the house
Penang DAP government and its land sales to balance the books

SHARE
Athi Shankar has been a journalist for past 30 years. He believes that democratic rights come with responsibility.